Mazagon Dock Shipbuilders Limited IPO Price Band, Date & Review

Ipo price band

Mazagon Dock Shipbuilders Limited Initial Public Offer (IPO) will be Open Soon they have got IPO Permission by SEBI, IPO will Open in September 2018, After Successful Disinvestment in RITES, MIDHANI govt is expecting very good response in this IPO.

Government will offload 22410000 shares to the public in such IPO, Face value of Each Share is Rs. 10.

Retail Allocation for the MDSL IPO (Mazagon dock Shipbulders Limited) is 35%

MDSL Stock will List on Both NSE & BSE Exchange

Mazagon Dock Shipbuilders is a defense public sector undertaking, The company is engaged in the construction and repair of warships and submarines for the MoD for use by the Indian Navy and other vessels for commercial clients, including cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers, tugs, dredgers, fishing travelers.

Despite (MDSL) Company is not having impression Last 2 year figures of margin & PAT

PAT in 2016 was 607 Crore which was decreased to 548 Crore in 2017 & 217 Crore in 2018 (not full year)

Margin shrink 12.4% to 10.5%

Expected IPO Opening Dates 12 September 2018 to 16 September 2018

Expected IPO Closing Dates 14 September 2018 to 19 September 2018

Expected IPO Lower Price Band is Rs. 310-340

Expected IPO Higher Price Band is Rs. 340-380

 

Review : Mazagon Dock Shipbuilders is PSU hence IPO will subscribe fully easily, Even in solid Figure of Subscription Listing Gain will be very less (Like Cochin Shipyard, MIDHANI, RITES) investor with Medium to Long Term horizon should apply for this IPO

Expected Listing GAIN : 2% to 10%

 

Disclaimer: Listing Dates & Price band is tentative till finalize, Investor Should research their own before making any decision

Leave a Reply

Your email address will not be published. Required fields are marked *